11 October 2019

“Canada showed another strong overall employment gain in September,” – noted Brendon Bernard, Indeed Canada’s economist. “The increases were supported by less stable self-employment and public sectors. Meanwhile, a private sector saw declines following an August hike”.

Much of the growth was focused in Ontario with 41,000 new jobs mostly in the full-time sector. It brought the unemployment rate here down to 5.3%.

Other provinces didn’t show significant changes, although there were certain unemployment rate improvements in Newfoundland and Labrador (fell by 1.6% to 11.5%) and Alberta (fell by 0.6% to 6.6%).

In addition to it, the average hourly rate was up by 2.6% from $27.66 to $28.13.

James Marple, senior economist for TD Economics, says there are no more superlatives left for describing the national job market results.

Amid global economic uncertainties, increasing because of the on-going U.S.-China trade war, Canada’s job market shows another picture, Marple says.

“This healthy growth we’re seeing in most regions of the country, combined with the strong wage gains could make the Bank of Canada return to a wait-and-see mode in terms of interest rates.”

In August, Canada created 81,100 new jobs with most of them in a part-time sector.

It’s the last job report before the election on October 21.